Goldman Sachs Investment Unit to Pay for Research Under MiFID II
MiFID II Rules to Take Effect Jan. 2018
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Goldman Sachs Asset Management has joined the list of firms planning to absorb the cost of third-party research after the new European Union MiFID II regulations come into force in January.
GSAM, which oversees more than $1 trillion, intends to pay for the analysis used by its European investment management teams from January 2018, the unit said in a statement. The firm didn’t disclose the cost of the decision.